Galileo Tech Ltd (GLTC) — Tangible Net Worth Ratio
Galileo Tech Ltd (GLTC) has a Tangible Net Worth Ratio of 100.0% as of June 2023. This metric is calculated by deducting intangible assets (ILA0.00) from net assets (ILA4.34 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See GLTC net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Galileo Tech Ltd Tangible Net Worth Ratio (2021–2022)
This chart shows how Galileo Tech Ltd's Tangible Net Worth Ratio has changed across 2 annual periods from 2021 to 2022. As of June 2023, the ratio stands at 100.0%, reflecting net assets of ILA4.34 Million with intangible assets of ILA0.00 ILA. See GLTC cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Galileo Tech Ltd (2021–2022)
The table below presents the year-by-year Tangible Net Worth Ratio for Galileo Tech Ltd from 2021 to 2022, covering 2 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market value of Galileo Tech Ltd.
| Year | Tangible NW Ratio | Net Assets (ILA) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2022 | -49.1% | ILA4.98 Million | ILA7.43 Million | ILA7.60 Million | ▼ -53.2 pp |
| 2021 | 4.1% | ILA16.59 Million | ILA15.91 Million | ILA20.09 Million | — |